The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A 50kg bag of standard polysulphate is priced at around £16 in India. That’d be £320 per tonne.
I think the company could be looking at a profit of £100 per tonne (I think this was a figure mentioned back in the Sirius Minerals days). At 10 million tonnes per year, that’d be £1billion.
Shareholders tend not to like capital expenditure. Like politicians, they look only at short term wins and capital expenditure isn’t popular as it reduces dividends in the short term. Without spending, there wouldn’t be any mines.
So, if the mine was to make £1 billion per year profit, what would it be worth?
OR
Hi casapinos
You may not give advice but I think you are more qualified than many that do.
I hold shares here because of my interest in Woodsmith. Just 3 years from production, I'd like to hold shares in whoever owns Woodsnith.
OR
According to the Woodsmith Liaison Group meeting, the TBM should reach Ladycross (29.2 km) by the end of this month.
https://uk.angloamerican.com/~/media/Files/A/Anglo-American-Group-v5/UK/liaison/30-january-2024-presentation.pdf
OR
Interesting to read that Anglo American have fully booked a Scarborough hotel for the rest of the year. Surely this means that work at Woodsmith will power ahead. I certainly hope so.
https://www.gazetteherald.co.uk/news/24088530.anglo-american-fully-books-scarborough-hotel-staff/
OR
I don’t see this as good news at all. It may help the SP over the short term but will halve the value of Woodsmith to us mere mortals. Maybe it’s a ploy to eventually sell Woodsmith completely in order to screw AAL shareholders, just as SXX shareholders were screwed.
OR
Some great articles appearing following the presentation to investors. Confidence is building for a 2027 first product to market date. It’s been a long journey but there is ‘light at the end of the (37km) tunnel’.
Here’s one article of many (search Google for Woodsmith and select news items)…
https://www.miningweekly.com/article/quellaveco-lessons-shape-anglos-vision-for-woodsmith-says-mcculley-2023-10-04
Definitely just using Stella Rose to bore the tunnel and there are two SBR’s drilling the service and production shafts. There’s also a drill site alongside the shafts that is mitigating the flood risk (when the SBRs reach the bunter sandstone).
OR
There
From the AGM
Woodsmith is next – a rare, Tier 1 asset which we are setting up to deliver significant returns over many decades. We are making good progress with the critical infrastructure – the shafts and tunnel – and excellent progress with the product, too. POLY4 is a high value fertiliser, uniquely positioned to address farming’s three real challenges of yield, decarbonisation and soil health.
You’re welcome
OR